NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 316.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,510 shares of the business services provider's stock after acquiring an additional 24,709 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in NV5 Global were worth $612,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NVEE. Vanguard Group Inc. boosted its stake in shares of NV5 Global by 288.4% during the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock worth $70,875,000 after acquiring an additional 2,793,280 shares in the last quarter. Cercano Management LLC lifted its stake in NV5 Global by 208.8% in the 4th quarter. Cercano Management LLC now owns 3,925,599 shares of the business services provider's stock valued at $73,958,000 after buying an additional 2,654,405 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in NV5 Global by 310.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock valued at $47,370,000 after buying an additional 1,901,998 shares in the last quarter. American Century Companies Inc. lifted its stake in NV5 Global by 322.4% in the 4th quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock valued at $40,456,000 after buying an additional 1,639,014 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in NV5 Global by 1,572.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock valued at $28,462,000 after buying an additional 1,420,417 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Roth Mkm raised their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Sidoti raised shares of NV5 Global to a "hold" rating in a research note on Friday, May 16th. Maxim Group decreased their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Lake Street Capital lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, William Blair reissued a "market perform" rating on shares of NV5 Global in a research note on Thursday, May 15th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $25.67.

NV5 Global Trading Down 0.2%

Shares of NASDAQ NVEE traded down $0.04 during midday trading on Monday, reaching $22.06. 603,568 shares of the stock were exchanged, compared to its average volume of 467,358. The company has a 50 day simple moving average of $18.78 and a 200 day simple moving average of $18.95. The stock has a market capitalization of $1.45 billion, a P/E ratio of 44.79, a PEG ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. As a group, equities analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.